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prisoha [69]
3 years ago
12

Robertson Corporation's inventory balance was $22,000 at the beginning of the year and $20,000 at the end. The inventory turnove

r ratio for the year was 6.0 and the gross profit ratio 40%. What were net sales for the year
Business
1 answer:
stich3 [128]3 years ago
4 0

Answer:

$176,400

Explanation:

Step 1 : Cost of Sales calculation

inventory turnover ratio = Cost of sales ÷ average inventory

therefore,

Cost of sales = inventory turnover ratio x average inventory

                       = $126,000

Step 2 : Sales calculation

we know that :

Sales = Cost + Profit

140 % = 100 % + 40 %

therefore,

Sales = 140% / 100% x $126,000

          = $176,400

thus,

net sales for the year is $176,400

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You just ended a meeting with Ming (one of your six employees), who gave you some disturbing information. She feels she is being
Ksju [112]

Answer:Do you think Ming is correct in saying Mindy is bullying her?

Yes , she is right, Mindy is definitely bullying her.

What are the indications of bullying?

Bullying doesn't only occur physically but also psychologically and and emotionally,especially in a place of work it can de identified by mistreatment of the other person,verbal abuse , threatening and humiliating the other person.

The bullied person is outcastes , alienated , excluded and ignored like what Mindy is doing, ignoring Ming while he greet everyone else , excluding her by not inviting her in a farewell lunch , eventhough all other colleagues are invited by Mindy.

Spreading false rumours is also part of bullying .

He also critized her publicly by publicly sharing an email about a loss of a client caused by Ming .

These are all signs of abuse.

What advice would you give to Ming?

She will need to keep record or document everything so that when she decides to take the matter further , she may be able to submit proof of what has been happening to her,this will give evidence.

How would you handle this situation with Mindy, without embarrassing Ming?

I think talking to Mindy in an objective way without including Ming's name will be helpful since Mindy has publicly shared his bullying activities. I can actual point out things that are not allowed at work and how certain things can be harmful and degrading to other employees. Make him see how certain behavior affects other employees and how this can be a serious issue that can affect the company and affects even Mindy himself .

5 0
3 years ago
The advertising for a snow blower points out a brand’s unique benefits compared to the snow blowers offered by the competition.
allsm [11]

Answer:

The correct answer is A: selective demand stimulation

Explanation:

Selective demand happens when companies deliver messages that portray their brand as the best match for the needs and desires of the target market. Selective demand features the advertiser trying to influence the target audience to select its brand over alternatives. Selective demand advertising is for businesses competing in well-established industries and markets.

Companies use a variety of strategies to depict selective demand. Some use benefit positioning, where they showcase the specific benefits of their products that are unique in the market. Others use <u>competitive positioning, where they state how their products are better or distinct from those offered by competitors</u>. Another positioning alternative is user positioning. This is where the brand focuses on matching its benefits to the needs of a particular type of user.

In this case, the company is using competitive positioning. The potential market must see clearly how your offering is different from that of your competition. It’s about winning a spot in the competitive landscape, putting your stake in the ground, and winning mindshare in the marketplace.

7 0
3 years ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful
Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = \frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = \frac{40,000}{4\ years} = 10,000

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $235000 Variable expenses 135000 Contribut
Zepler [3.9K]

Answer:

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

Explanation:

<em>A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.</em>

<em>In a shut down decision , the following relevant cash flows should be considered:</em>

  1. <em>Lost contribution from the product to be shut down</em>
  2. <em>Savings in fixed directly attributable to the product under consideration.</em>

                                                                                                           $                                                                                            

Lost contribution from shut down                                        (100,000)

Savings in fixed cost (60% × 130,000)                                 <u>  78,000</u>

Net loss from shut down                                                      <u>  (22,000)</u>

Net loss from shut down = $(22,000)

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

                     

3 0
3 years ago
A cost that would be included in product costs under both absorption costing and variable costing is:____.
Vinvika [58]

A cost that would be included in product costs under both

absorption costing

and variable costing is: full costing.

A managerial accounting technique known as "

absorption costing

," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance

.

Anything that is a direct cost of creating a good is included in absorption costing's cost base. Fixed overhead costs are included

absorption costing

in the product costs under

absorption costing

as well. Wages paid to workers who physically produce a product, raw materials required in production, and all overhead expenditures (such as all utility bills) incurred

absorption costing

during production are a few of the costs related to product manufacturing

.

Learn more about

absorption costing

on:
brainly.com/question/14347350

#SPJ4

3 0
2 years ago
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